Compliance Calender August 2021

CS Lalit Rajput | Aug 3, 2021 | Views 709975

Compliance Calender August 2021

This Calender covers Compliance Requirement Under

  1. Income Tax Act, 1961
  2. Goods & Services Tax Act, 2017 (GST) and Important Updates / Circulars
  3. Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications
  4. Other Statutory Laws and Updates
  5. SEBI (Listing Obligations & Disclosure Requirements) (LODR) Regulations, 2015
  6. SEBI Takeover Regulations 2011
  7. SEBI (Prohibition of Insider Trading) Regulations, 2015
  8. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  9. SEBI (Buyback of Securities) Regulations, 2018
  10. Companies Act, 2013 (MCA/ROC Compliance) and Notifications
  11. Insolvency and Bankruptcy Board of India (IBBI) Updates
  12. Do you know? – Knowledge Bites

1. Compliance requirement under Income Tax act, 1961

Sl. Compliance Particulars Due Dates
1 Due date of depositing TDS/TCS liabilities for previous month. 07.08.2021
 

2

Due date of depositing TDS/TCS liabilities for the period April to June for quarterly deposit of TDS under section 192, 194A, 194D or 194H 07.08.2021
3 Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of April, 2021 14.08.2021
4 Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2021  

15.08.2021

5 Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of July, 2021 has been paid without the production of a challan  

15.08.2021

6 Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194M for the month of July, 2021  

30.08.2021

Income Tax Due Date – Extensions

Sl. Nature of Extension Provisions of IT Act 1961 Original Due Date Extended Due Date
1 Objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Income-tax Act, 1961 Section 144C 01.06.2021 31.08.2021
2 The application in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc., Under Section 10 (23C), 12AB, 35 (1) (ii) /(iia) / (iii) and 80G of the Act 30.06.2021 on or before

31.08.2021

3 The compliances to be made by the taxpayers such as investment, deposit, payment, acquisition, purchase, construction or such other action, by whatever name called, for the purpose of claiming any exemption  under  the  provisions  contained  in  Section  54  to  54GB  of the Act Section  54  to  54GB  of the Act Between 01.04.2021 to 29.09.2021 30.09.2021
4 Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021 Form No. 15G/15H 15.07.2021 31.08.2021
5 Last date of linkage of Aadhaar with PAN Section 139AA of the Act 30.06.2021 30.09.2021
6 Last date of payment of amount under Vivad se Vishwas (without additional amount) 30.06.2021 31.08.2021
7 Last date of payment of amount under Vivad se Vishwas (with additional amount) 31.08.2021
8 Time Limit for passing assessment order 30.06.2021 30.09.2021
9 Time Limit for passing penalty order 30.06.2021 30.09.2021
10 Time Limit for processing Equalisation Levy returns 30.06.2021 30.09.2021

Important Notifications – For the month of July – 2021:

Sl. Particulars of the Notification(s) File No. / Circular No. Link(s)
1. Guidelines under section 194Q of the Income-tax Act, 1961 – reg. Circular No. 13 of 2021 LINK
 

2.

Guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961. Circular No. 14 of 2021 LINK
 

3.

The Income tax Amendment (18th Amendment), Rules, 2021 [Notification No. 76/2021 LINK
 

4.

The Income tax Amendment (19th Amendment), Rules, 2021 Notification No. 77/2021 LINK
 

5.

Central Government hereby notifies for the purposes of the said clause, ‘Haryana Building and Other Construction Workers Welfare Board’ Notification No. 78 /2021 LINK
 

6.

Foundation Trust, Haridwar under the category “Research Association” for Scientific Research Notification No. 79/2021 LINK
 

7

The Income-tax (20th Amendment) Rules, 2021 Notification No. 82 /2021 LINK
8 The Income-tax (21st Amendment) Rules, 2021 Notification No. 83 /2021 LINK
9 ​Calling for region preference of candidates nominated to the post of Tax Assistant in CBDT through Combined Graduate Level Examination – 2018. F. No. HRD/CM/127/12/2020-21 / 2847 LINK

Compliance Requirement under GST, 2017

Filing of GSTR –3B

Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax period Due Date No interest payable till Particulars
July, 2021 20th August, 2021 Due Date for filling GSTR – 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year

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